(by Mike Mechley, Executive VP of Strategic Procurement, www.ZekelmanIndustries.com) Platts July HR Coil $890 down $10 from June. SDI Sinton has unplanned outage due to caster shear equipment, could be down until July 31st. UAW negotiations with the Detroit automakers has started, contract expires on September 14th, it is expected to be very confrontational. Majority of buyers think that steel prices have stabilized, indexes are supporting this view. HR lead time 3-6 weeks, CR lead time 5-7 weeks US Mills July capacity utilization rate is 75.2%. Platts July CR Coil $1,130 down $20 from June. July Chicago #1 Bush $450 down $30 from June. Zinc is $1.07lb. $1 U.S. Dollar = $1.32 Canadian Dollar.
Zekelman Industries Steel Snapshot for July 2023
Pipe Exchange
14025 West Road
Suite 100
Houston, TX 77041
- Phone: 713.934.9480
- Fax: 713.934.9490
- Email: sales@pipexch.com